1243 Grass Valley, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is listed at $765,000, offering a stable entry point at its $759,190 Fair Market Value. Boasting an Excellent Condition Rating following extensive renovations, the home features a designer kitchen with Calacatta Lux countertops, soaring wood-beam ceilings, and Coveted Lake Rights. The property provides Panoramic Mountain Views and expansive wrap-around decks, situated within the Rim of the World district near Mary P. Henck Intermediate. This fully furnished, Airbnb-ready residence is an ideal match for Vacation Home Seekers or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1243 Grass Valley Subject | $765,000* List Price | 4 | 4 | 2,134 | $356 | - |
A 27382 Peninsula Sold | $685,000 | 4 | 3 | 2,056 | $333 | 0.8 mi |
B 776 Nadelhorn Sold | $539,900 | 3 | 3 | 2,058 | $262 | 0.7 mi |
C 1226 Grass Valley Sold | $629,999 | 3 | 3 | 2,050 | $307 | 0.0 mi |
D 26575 Kings Court Sold | $845,000 | 3 | 3 | 1,877 | $450 | 0.8 mi |
E 527 Rainier Road Sold | $709,000 | 3 | 3 | 2,025 | $350 | 0.9 mi |
F 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.7 mi |
G 1113 N Grass Valley Active | $625,000 List Price | 4 | 2 | 2,064 | $303 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1971, the property has undergone an extensive recent renovation to achieve a turn-key, modern mountain aesthetic. The kitchen is fully updated with Calacatta Lux countertops and stainless steel appliances, complemented by new rustic flooring, soaring wood-beam ceilings, and well-maintained wrap-around decks.
This property is a fully functional Airbnb with transferable STR permits and a lower-level family suite with a separate entrance, offering immediate revenue potential for investors.
Located in the prestigious Arrowhead Woods community, the home includes highly sought-after lake rights, providing exclusive access to private lake amenities and recreational activities.
The interior features high-end upgrades including Calacatta Lux countertops and stainless steel appliances, paired with classic mountain elements like soaring wood-beam ceilings and a dramatic stone fireplace.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2134, other record living area = 1624.
Built in 1971, the home may require ongoing maintenance or future capital expenditures for aging structural systems despite its cosmetic renovations.
The assigned elementary schools have relatively low ratings (3 and 4), which may be a drawback for families looking to use the property as a primary residence.
Priced to sell! Turn-Key Lake Arrowhead Airbnb with Lake Rights! Welcome to a rare mountain entertainer’s retreat where luxury and nature come together in the highly desirable Lake Arrowhead Woods community of Grass Valley. Perfectly situated between the main lake and the Country Club, this exceptional tri-level home offers coveted lake rights and a true resort-style experience.Featuring 4 bedrooms, 4 bathrooms, a spacious game room, and an upstairs loft/poker room, this home is designed for both relaxation and entertaining. Step inside to a warm, inviting interior highlighted by soaring wood-beam ceilings, rich cedar paneling, rustic mountain-style flooring, and a dramatic wood-burning fireplace that rises along a stunning stone wall, creating an atmosphere of charm and comfort. The entertainer’s kitchen is a showstopper, complete with sleek Calacatta Lux countertops, stainless steel appliances, and generous cabinet space—ideal for hosting gatherings or enjoying casual meals with family and friends. The primary suite is conveniently located on the main level, offering a private retreat, while the lower-level family suite features a separate entrance, private bathrooms, and a laundry room, making it perfect for an in-law suite or guest quarters. Outdoor living shines with a large wrap-around deck showcasing panoramic mountain views and golf course vistas. The fenced backyard, surrounded by fruit trees, provides a peaceful setting for outdoor dining, grilling, and relaxing under the stars. Dual access with two private driveways offers ample parking, plus space for a boat or jet skis.Located just minutes from Tavern Bay Beach Club, the lake, shopping, golf, tennis, pickleball, hiking trails, dining, and more, this home places you at the center of everything Lake Arrowhead has to offer. Whether used as a full-time residence, vacation home, or income-producing property, this retreat is ideal for hosting events, holidays, remote work, and weekend escapes. With transferable STR permits and current management in place, this Airbnb-ready property offers immediate income potential. Don’t miss this opportunity to own a premier mountain getaway—schedule your private showing today and experience Lake Arrowhead living at its finest.
No exterior & parking available.
Grades PK-5 • 2.0 mi
Grades K-5 • 5.6 mi
Grades K-5 • 8.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 2,134 | 1,964 | 59% |
| Lot Size | 8,000 | 9,805 | 26% |
| Price | $765.0K | $692.5K | 60% |
| Price per sq ft | $358 | $348 | 54% |
| Built year | 1971 | 1978 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 226 | 8% |
Apr 15, 2026
$765,000
$699,000
+9% Price Increase
Initial Listing
Apr 5, 2026
$699,000
$750,000
-7% Price Drop
Initial Listing
Mar 12, 2026
$750,000
$765,000
-2% Price Drop
Initial Listing
Feb 11, 2026
$765,000
Initial Listing
Oct 28, 2022
$510,000
Public Record
Apr 5, 2021
$484,000
Public Record